Institutional Investors

In 2018, many positive economic tailwinds set the stage for additional upside in stocks and other equity-sensitive assets, including convertible securities and high yield bonds. However, investors should not be surprised if volatility begins a slow return to its longer-term trend.

As synchronized global growth continues and reflationary tailwinds strengthen, we see additional upside in the global business cycle and in turn, for equities, convertible securities, and select areas of the credit markets.